Nutraceutical International Corporation of the US has announced that its Fresh Organics subsidiary has acquired three natural foods markets in San Francisco from the Real Food Company.
Fresh Organics paid $2.7 million (€3.1m) for the three stores, which are approximately 3,500 square feet each and cater to local walk-in customers seeking fresh organic produce, healthy natural foods and nutritional supplements.
Bill Gay, chairman and chief executive officer of NIC, said: "The strategic purchase of this chain of successful natural food markets offers a retail presence in a locale many consider to be the birthplace of the health food industry.
"The day-to-day operation of these natural food markets will provide direct consumer feedback on emerging interests and trends and will help us better serve our core customers. We believe that this retail knowledge and experience will translate into new innovative product offerings for our company."
NCI is one of the largest manufacturers and marketers of branded nutritional supplements in the US, and markets its products under the brand names Solaray, KAL, NaturalMax, VegLife, Premier One, Solar Green, Natural Sport, ActiPet, Action Labs and Thompson.